The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-07-08
CONDITION OF THE MARKETS
The Dealings in Wheat Confined Almost
Entirely to Scalping Traders.
Corn Fairly Active, with Much Primer Tone
Moderate Trading in Oats at Slight
Adyance-PrOyision Dull and Easier.
MONEY, BONDS AND STOCKS.

A c.nernHv Apnthetic Market, the Changes
Being for fractional Amounts Only.
NEW YORK, July Mooney call was
sasy. at 06 per cent the last loan being made
at 4 per cent, closing offered at per cent.
Prime mercantile paper, 5054 per cent
Sterling exchange was dull but steady at
81 824 for sixty-day bills and 81 So for demand
The total sales of stocks to-day were 2O6.6io
shares including the following Delaware,
Lackawana & Western. 5,486; Erie, 3.00O Lake
Shore, $3.50; Louisville & Nashville. >, LOO; Mis-
souri, Pacific. 1852; Northwestern. 7'5O8' North
ern Pacific 1920: Pacific Mail. 9,665: Reading
%. 600; ST. Paul, rs, $40; Western Union. 2f.S45.
--4.he stock market to-day again showed the eff
fects of the apathy among operators, being fever
ish and unsettled throughout mos. of the day,
with the trading confined almost entirely to the
operations of the room traders and about half
OF the total days business was contributed cy
four or five stocks. Some interest was infused
into the dealings early in the day by light pur
cbases for London account Western Union
vas affected by the revival of stories in regard
to the Baltimore g. Ohio deal. but there was
dearth of news to affect values and even
rumors not plentiful. The room traders
made special attacks upon the Susquehanna %
Western stocks, and the preferred yielded per
cant hut. she decline was afterwards almost en-
tirely reeained. Stories in regard TO an Issue OF
bonds by the Northwestern, which met with
Official denial and explanation, late IN the day,
were used with considerable effect against the
eraneers which were the weakest stocks IN the
general list. Fluctuations. except IN the cases
mentioned we're extremely narrow, although Man
haitian after opening ND per cent higher lost the
improvement The money market ruled easy,
the maximum rate being per cent. Cotton Oil
certificates were again feature, being strong
throughout the day, aud advancing from 35s last
evening TO 40t, finally closing at 4O4 on compare
lively large sales. The opening was firm to
strong at advances last evenings final
figures extending to ! per cent. Further
advances were made in the early
trading which. however, did not exceed per
cent in any case, bat there was no support. and
quotations soon yielded to the attacks OF the
traders New England was an exception, after
an advance Of II per cent. The market soon De-
came dull and featureless, but with general
heavy tone and remained until the last hour.
Special weakness. however. was displayed Dy
the crangers Missouri Pacific and Susquehanna
q Western, while the Northern Pacific were
unusually strong. There some improve
meut later hut the close rather heavy
Final changes in quotations are Irregular, but
advances are slightly in majority. In no case.
however is the gain or loss for more than frac-
ton.
Railroad bonds dul sales. 1861, OOO
The tone of the dealings was heavy through
out the day, ard final prices generally show de-
clines.
Government bonds and State bonds were dull
and heavy. Closing quotations were.